Orinoco Gold (ASX:OGX) Total Inventories: A$0.59 Mil (As of Jun. 2018)


What is Orinoco Gold Total Inventories?

Orinoco Gold ASX:OGX Total Inventories is A$0.59 Mil as of Jun. 2018. The stock has 3 warning signs investors should review.

Orinoco Gold's total inventories for the quarter that ended in Jun. 2018 was A$0.59 Mil. Orinoco Gold's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Jun. 2018 was A$0.63 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Orinoco Gold's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was A$-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orinoco Gold's Inventory Turnover for the quarter that ended in Jun. 2018 was 0.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Orinoco Gold  (ASX:OGX) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Orinoco Gold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 is

Net-Net Working Capital Per Share (Q: Jun. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.013+0.75 * 0.434+0.5 * 0.59-17.971
-0-0)/1033.520
=-0.01

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Orinoco Gold's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2018 )/Cost of Goods Sold (Q: Jun. 2018 )*Days in Period
=0.633/0*365 / 2
=

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Orinoco Gold's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2018 ) / Average Total Inventories (Q: Jun. 2018 )
=0 / 0.633
=0.00

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Orinoco Gold's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2018 ) / Revenue (Q: Jun. 2018 )
=0.633 / 0
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Orinoco Gold Total Inventories Related Terms

Orinoco Gold Total Inventories Historical Data

* Premium members only.

The historical data trend for Orinoco Gold's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Orinoco Gold Total Inventories Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
Total Inventories
Get a 7-Day Free Trial 0.00 0.00 0.68 0.68 0.58

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.66 0.68 0.59 0.58

Orinoco Gold Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of A$0.59 Mil mean?
Orinoco Gold (ASX:OGX) has a Total Inventories of A$0.59 Mil as of Jun. 2018. The total amount of inventory as recorded on a company's balance sheet. View historical data for Orinoco Gold and its competitors.
Is Orinoco Gold's Total Inventories too high?
Orinoco Gold's current Total Inventories is A$0.59 Mil.
How does Orinoco Gold's Total Inventories compare to LSMG?
Orinoco Gold's Total Inventories of A$0.59 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Metals & Mining company?
A good Total Inventories depends on the Metals & Mining industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Orinoco Gold and its competitors. Orinoco Gold's current Total Inventories is A$0.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current Total Inventories of A$0.59 Mil. The current Total Inventories is A$0.59 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Orinoco Gold (ASX:OGX), the current Total Inventories is A$0.59 Mil as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.